wrote in message
...
On Wed, 14 Jul 2010 07:54:07 -0700, Jordon
wrote:

War today is too efficient for it to work again.

When did that war start? GNP and unemployment was at its worst
in 1934 and had vastly improved by the time we started gearing
up for the war.

Huh?
That was a classic double dip recession/depression and unemployment
was back up to 17% in 1938.
It was a jobless recovery and there was not much private sector growth
going on. The growth was in government. ... much as we are seeing now.

The private sector is sitting on their cash, waiting to see what the
effect of health care, financial reform, carbon taxes and other
regulation will have on their business before they are willing to hire
people, particularly full time people.
Most of the hiring that is going on is part time or temp jobs, not
"career" jobs. I am not sure companies are even interested in offering
careers these days. They really seem to prefer "contractors" who can
be let go with virtually zero notice and no future obligation. When
was the last time you saw an "employee" installing phones, satellites,
cable or software? They must have been old guys who haven't been laid
off yet.


Unemployment dropped steadily from 1934 to 1937, then came back up a bit
losing about 1/2 the ground it made up. It was partially a jobless recovery
and partially not.

http://static.seekingalpha.com/uploa...employment.jpg

We are not in a depression.